Transcription
Understanding Your PaycheckInsert instructor's name here.Insert date here.Personal Finance for Individuals with Diverse AbilitiesPage 1Our Program and training materials contain information, names, images, pictures, logos, icons, documents and other material (the “Content”) for the use and information of TD Bank customers and other participants in the Program. The Contentis owned by TD Bank and may not be copied (other than a copy for personal use), modified, distributed, transmitted, displayed, performed, reproduced, transferred, resold or republished outside the parameters of the Program without the priorwritten consent of TD Bank, which it may with hold in its sole discretion. You understand and agree that the Content is provided as a benefit to our customers, is for informational purposes only, and that we make no warranty or guaranty as to itseffectiveness in any particular case.
What We’ll Learn TodayWhat comes out of a paycheckWhere earned money goesHow taxes come out of a paycheckHow other money comes out of a paycheckPersonal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 2
Questions to Discuss in Pairs Where do you work? How much money do you make per hour? How much total money did you earn? What amount did you actually receive? What other amounts do you see?Smartphone tip:You can use your phone’s calculator to workthrough the numbers on the paycheck if you wish.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 3
When You Get Your PaycheckTake-home PayequalsTotal Amount EarnedminusMONEY TAKEN OUTThe left over money can be saved or spent.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 4
What Gets Taken Out?Income taxesMoney paid to the governmentSocial SecurityTo help older people todayMedicareTo help older peoplewith medical expensesBenefitsProvided through an employerPersonal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 5
Alexandria’s StoryGot a job at a day care.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 6
Alexandria’s StoryWants to know moreabout money.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 7
Alexandria’s StoryNotices money taken fromher paycheck.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 8
Alexandria’s Story“Where did my paycheck go?”Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 9
Alexandria’s StoryLet’s help her find out!Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 10
Alexandria’s PaycheckPersonal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 11
Alexandria’s Paycheck StubSmartphone tip:If your paycheck is direct-deposited into the bank, you may be ableto get this information on your phone.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 12
How can she put hermoney in the bank?Her employer may send itto the bank electronically.She can make a depositat the ATM.She can visit a teller at the bank.Smartphone tip:At some banks you can deposita check using your phoneto take a picture of the check.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 13
What should she NOT do?She should not take it all in cashbecause it might get lost or stolen.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 14
If you don’t understandIf you don’t understand yourpaycheck, get help: Your employer may havea counselor who can help. You may have a caregiver.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 15
What We Learned TodayWhat comes out of a paycheckWhere earned money goesHow taxes come out of a paycheckHow other money comes out of a paycheckPersonal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 16
Questions?Learn personal finance skillsright on your smartphone,tablet or computer. Visit theTD Bank learning center attdbank.com/financialeducationand register to get started.Personal Finance for Individuals with Diverse AbilitiesUnderstanding Your PaycheckPage 17
Understanding Your Paycheck Personal Finance for Individuals with Diverse Abilities Page 1 Our Program and training materials contain information,names, images, pictures, logos, icons, documents and other material (the "Content") for the use and informationof TD Bank customers and other participants in the Program.
